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058 211 21 00

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Banque Cantonale de Genève
Quai de l'Ile 17 - CP 2251
1211 Genève 2

Fax : +41 58 211 21 99

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Documentary collections

Documentary collections

Use BCGE documentary collections as supporting payment instruments. You will get greater security than with simple payment against invoice in commercial operations.

ADVANTAGES

  • The seller has the guarantee that the buyer will only receive the documents against payment
  • The buyer is informed that the goods have been shipped and can check that the order has been correctly executed
  • Both parties benefit from import and export operations being handled simply and at a competitive rate

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  The essentials Further information Contact us 
The essentials

Documentary collections: a more secure supporting payment instrument

A documentary collection is the means whereby a bank collects the amount due from a buyer, against presentation of documents. The bank carries out the function of agent and intermediary between the exporter and the importer. It presents the importer, on instructions from the exporter or its bank, documents indicating the shipment of goods or the provision of a service, in consideration for which it receives the amount due or an accepted bill of exchange.
Further information

Conditions

The banks' responsibility is limited essentially to sending and delivering documents against payment or acceptance of a bill of exchange, unlike a documentary credit, where they have made a commitment. The banks are in no way obliged to pay out themselves if the buyer does not fulfil or is prevented from fulfilling its payment obligations.

Handling documentary collections is subject to the uniform regulations governing documentary collections published by the International Chamber of Commerce in Paris.

Please call us

058 211 21 00
Monday to Friday
7.30am  - 7.30pm


Saturday
9am  - 4pm

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26.04.2017

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© 1999-2017 BCGE
   Banque Cantonale de Genève
   Case postale 2251
   1211 Genève 2
   Tél: 058 211 21 00